caa a22 4500 606168206 CHVBK 20210128100706.0 cr unu---uuuuu 210128e20150101xx s 000 0 eng 10.1007/s11127-014-0210-2 doi (NATIONALLICENCE)springer-10.1007/s11127-014-0210-2 Ruling elites' rotation and asset ownership: implications for property rights [Elektronische Daten] [Leonid Polishchuk, Georgiy Syunyaev] We provide a theory and empirical evidence indicating that the rotation of ruling elites in conjunction with elites' asset ownership could improve property rights protection in non-democracies. The mechanism that upholds property rights is based on elites' concern about the security of their own asset ownership in the event they lose power. Such incentives provide a solution to the credible commitment problem in maintaining secure property rights when institutional restrictions on expropriation are weak or absent. Springer Science+Business Media New York, 2014 Endogenous property rights nationallicence Credible commitment nationallicence "Stationary bandit” nationallicence Polishchuk Leonid NRU Higher School of Economics, Myasnitskaya 24/3, Room 408, 101000, Moscow, Russia aut Syunyaev Georgiy NRU Higher School of Economics, Myasnitskaya 24/3, Room 422, 101000, Moscow, Russia aut Public Choice Springer US; http://www.springer-ny.com 162/1-2(2015-01-01), 159-182 0048-5829 162:1-2<159 2015 162 11127 https://doi.org/10.1007/s11127-014-0210-2 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s11127-014-0210-2 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Polishchuk Leonid NRU Higher School of Economics, Myasnitskaya 24/3, Room 408, 101000, Moscow, Russia aut NATIONALLICENCE 700 1- Syunyaev Georgiy NRU Higher School of Economics, Myasnitskaya 24/3, Room 422, 101000, Moscow, Russia aut NATIONALLICENCE 773 0- Public Choice Springer US; http://www.springer-ny.com 162/1-2(2015-01-01), 159-182 0048-5829 162:1-2<159 2015 162 11127